BDCM hires Babson exec to grow debt arm

Jean Fleischhacker has joined Black Diamond Capital Management to lead the firm’s structuring and marketing of debt products.

Black Diamond Capital Management has hired Jean Fleischhacker, former managing director at Babson Capital, as a senior managing director of business development.

In the newly created position, Fleischhacker will lead the structuring and marketing for mezzanine debt, collateralised loan obligations and other products. She will also head new product development and be involved in strategic development and growth initiatives. Fleischhacker will work alongside Michael Moreno, Black Diamond’s principal and head of marketing and investor relations. She will be based in the firm’s Greenwich, Connecticut office.

“[Fleischhacker]’s experience and counsel leading CLO issuance and other new product development will be invaluable to clients”, Black Diamond managing principal Stephen Deckoff said in a statement, adding that Fleischhacker would be leading a “vital, strategic growth area of the firm”.

The firm was unavailable for further comment.

Prior to joining Black Diamond, Fleischhacker worked at Babson Capital for nearly four years, where she was in charge of global distribution. She previously was a senior managing director at JPMorgan for 15 years, ultimately holding the position of senior managing director and head of collateralised debt obligation product management. 
 
Black Diamond Capital Management specialises in distressed debt private equity funds, hedge funds and structured vehicles. In May 2011, the firm held a final close on $800 million for its third fund, which had a $750 million target. Last year, the Oregon Investment Council committed $100 million and the New Mexico Educational Retirement System committed $80 million to the fund.